Anglesey Mining to raise £0.2m through the placing of shares
Source - SMW
Anglesey Mining said it would raise £0.2m through the placing of shares at a discount.
Anglesey Mining said it would issue 9,367,681 new shares, representing approximately 5.3% of the company’s current issued share capital, at 2.135 pence per share in a placement to institutions, to raise a total of £200,000 gross and £180,000 net.
The placing price represented a discount of approximately 9.1% to the closing middle market price of 2.35o a share at the close of business on 26 April 2019.
The proceeds of issue would be used for project development of its 100% owned Parys Mountain zinc-copper-lead deposit in North Wales, UK and for general working capital, the company said.
At 8:35am: (LON:AYM) Anglesey Mining PLC share price was -0.15p at 2.2p